WORKING ONLINE
Working online has become a very popular way to earn money these days. Beginners in that field have a lot of questions and the most frequent one is:
How will I get the money I earn online transferred into my bank account?
The first method is connecting your bank account directly to the company and the company will send the money into your bank account.
The second method is using a service that will manage and secure the payments between you and all the companies online. This method is a popular one and it's the choice most people go for usually.
PAYONEER AND PAYPAL
Payoneer and PayPal are two of the best companies used worldwide. Their services allow you to get paid online. I will present you a comparison between these two which help you choose the suitable one for your business.
Payoneer VS PayPal
PayPal as a starter allows you to get paid directly inside your website. Payoneer on the other hand does not have an option to collect payments and get paid within your website.
Both services enable you to receive payments from companies. For example, Udemy is a courses marketplace where you can buy and sell courses. In Udemy, you can choose to activate PayPal or Payoneer.
One of the best features of Payoneer is that it allows you to create virtual bank accounts outside your country. So wherever you are living, you can create a US bank account to accept payments in different countries. Unfortunately, you can't find this option in PayPal. In PayPal, you can just attach your bank account directly.
Both Payoneer and PayPal enable you to create a master card that you can use worldwide, you can withdraw money from any ATM machine using this card.
One thing you have to consider when choosing between the two services is their availability. Payoneer is available worldwide while PayPal is available in certain countries. So, If PayPal is not available in your country, your other option is using Payoneer.
WHICH COMPANY TO CHOOSE!
When it comes to PayPal vs. Payoneer, both are great services in the payment processing market depending on the needs of anyone's business. Payoneer wins out for the businesses with customers both in the U.S. and internationally. It supports several currencies, offers speedy payment processing. If you care about managing different currencies and don't want to overpay, Payoneer is for you.
PayPal, on the other hand, is one of the best suited for domestic-focused businesses that want POS software as well as payment processing. You'll pay more if you have any international transactions but won't have the headache of shopping for a separate POS platform and merchant account provider.
0 Comments